Why should proper storage be top of mind for cryptocurrency users?

Cybercriminals are becoming more crafty as they discover new ways to take advantage of cryptocurrency users.

As the use of digital currencies increases and the amount of funds circulating grows in proportion, the so-called honey pot becomes more appealing to bad actors. This has become evident in the prevalence of cryptocurrency attacks becoming increasingly targeted and cybercriminals finding more clever ways to steal investors’ financial assets. In some cases, cybercriminals have been known to take advantage of rogue devices, phishing emails, among other techniques to steal assets from cryptocurrency investors.

Despite the risks at stake, cryptocurrencies continue to offer a host of benefits, including high returns and access to the world of DeFi, which makes holding these assets appealing to the world at large. Therefore, users must carefully consider the way they are safeguarding their assets, more so in 2022 than ever before.